When you think about student loans, you probably imagine a fresh-faced 23-year-old working an entry-level job or a 30-year-old getting their master’s degree after a few years in the workforce.
But many student loan borrowers are older Americans, and more have joined them in carrying debt. More than 3.5 million at or above the age of 60 hold student loan debt, collectively amounting to over $125 billion, according to 2023 data from the think tank New America.
